Adecco (OTCMKTS:AHEXY) Shares Gap Up – Still a Buy?

Shares of Adecco SA (OTCMKTS:AHEXY) gapped up prior to trading on Wednesday . The stock had previously closed at $12.3740, but opened at $13.49. Adecco shares last traded at $13.47, with a volume of 1,230 shares.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Zacks Research raised shares of Adecco from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Morgan Stanley downgraded shares of Adecco from a “cautious” rating to an “underweight” rating in a research report on Tuesday, June 9th. Citigroup downgraded Adecco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, April 30th. UBS Group cut shares of Adecco from a “hold” rating to a “sell” rating in a research note on Monday, May 18th. Finally, BNP Paribas Exane raised shares of Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Adecco has a consensus rating of “Hold”.

Adecco Stock Up 8.8%

The business has a 50-day moving average price of $10.15 and a 200 day moving average price of $12.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $4.68 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.96 and a beta of 0.98.

Adecco (OTCMKTS:AHEXY) last released its quarterly earnings results on Wednesday, May 13th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Adecco had a net margin of 1.31% and a return on equity of 12.09%. The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.55 billion. On average, equities analysts expect that Adecco SA will post 1.35 EPS for the current fiscal year.

Adecco Company Profile

Adecco Group AG is a global human resources and workforce solutions provider headquartered in Zurich, Switzerland. The company specializes in temporary staffing, permanent placement, career transition, and talent development services. Its core business activities include matching job seekers with client companies, managing contingent workforce solutions, and offering consulting services related to workforce management and organizational effectiveness.

Founded in 1996 through the merger of the Swiss companies Adia Interim and ECCO, Adecco has grown into one of the world’s largest staffing firms.